Codelco's 2023 production declines, but recovery seen this year
Production at mines owned by Chile's cash-strapped copper miner Codelco fell to 1.325 million metric tons in 2023, the company's chief executive told Reuters on Tuesday, promising a slight recovery in the coming year.
Production at Codelco's mines is seen ticking up to 1.353-million tons in 2024, CEO Ruben Alvarado told Reuters during a visit to the underground Chuquicamata mine.